Novax

Novax offers a digital platform that enables suppliers to receive early invoice payments from their corporate partners. By leveraging AI-driven financial health tools and dynamic discounting, the platform accelerates working capital for suppliers without requiring credit applications or invoice cession.

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

Problem

Suppliers often face extended payment terms from corporate partners, creating cash flow challenges and limiting their ability to invest in growth. Traditional financing options for early invoice payment typically require lengthy credit application processes and can be costly.

Solution

Novax provides a digital platform that facilitates early invoice payments for suppliers of its corporate partners, bypassing traditional credit application requirements. The platform leverages AI-driven financial health tools to assess and improve supplier financial standing, offering dynamic discounting as an alternative to factoring. This approach enhances capital flow within the supply chain, creating greater financial flexibility and opportunities for both buyers and suppliers. Buyers can extend payment terms without impacting supplier cash flow, while suppliers gain immediate access to funds.

Target Audience

The primary target audience includes corporate buyers seeking to optimize their supply chain finance and suppliers needing accelerated access to working capital.

Features

AI-powered financial health assessment and improvement tools for suppliers.
Dynamic discounting mechanism for early invoice settlement.
Direct integration with SAT for real-time invoice visibility.
Secure, 100% digital platform with high cybersecurity standards.
Intuitive interface enabling invoice advancement in three clicks.
No invoice cession or credit applications required for suppliers.
Automated notifications for invoice status and account summaries.
Supplier registration process completed in under 10 minutes.
Buyers can extend payment terms while Novax provides early payment to suppliers.